Minecraft on Mac OS X uses the older, Apple supplied Java 6 even when the newer Java 8 supplied by Oracle is installed. If this cannot be worked around because of Apple's restrictions I understand but if it's possible to change that would be great because Javas 7 and 8 perform MUCH better than Java 6. If this belongs in the Minecraft Launcer section, I apologize.
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Thanks for trying, but it's not as simple as that. After using Terminal to find where the Java 8 JDK is and inputting that directory into the launcher, Minecraft fails to launch unless I uncheck the box to revert it to looking for Java 6.
It is possible to change which Java Minecraft uses in the launcher, but you first need to know the path to the JRE 7 / 8 javaw.exe program. Find that and then input it into the 'Executable:' option in the launcher profile settings.
Edit: If you do not know the path to your Java executable, the default is C:\Program Files\Java\jre7\bin\javaw.exe for Java 7 and C:\Program Files\Java\jre1.8.0_20\bin\javaw.exe for Java 8.